July 27, 2021

Forbes: ‘Tick Tock, Mr. President.’ Warren, Schumer Urge Biden To Cancel Student Loan Debt As Payment Moratorium Ends

Leading congressional Democrats held a press conference this afternoon, urging President Biden to cancel student loan debt.

“Tick tock, tick tock,” said Senator Elizabeth Warren (D-MA), noting that 30 million Americans will have student loan bills due by October as the current moratorium on federal student loan payments comes to an end. “The payment pause is running out, and the size of these payments for many borrowers is the size of their rent or car payment,” which will lead to “hard choices” for borrowers.


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By:  Adam Minsky
Source: Forbes